Welcome to our dedicated page for Credit Accep Mich SEC filings (Ticker: CACC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Credit Acceptance Corporation's SEC filings reveal detailed information about loan portfolio performance, credit risk management, and the economics of its dealer-partner financing model. For a specialty finance company serving subprime auto borrowers, quarterly and annual reports contain metrics that traditional lenders don't emphasize, making these documents particularly valuable for understanding the business.
The company's 10-K annual reports and 10-Q quarterly filings break down loan originations by credit tier, forecast collection rates, and explain how dealer advance amounts are determined. Credit Acceptance's disclosures detail the relationship between dealer payments and consumer loan performance, a unique aspect of its revenue-sharing model. These filings also reveal allowance for credit losses assumptions, funding sources, and the impact of economic conditions on subprime borrower repayment behavior.
Form 8-K filings from Credit Acceptance frequently announce material financing events, including senior note issuances, credit facility modifications, and securitization transactions. Given the capital-intensive nature of auto lending, these debt financing announcements provide insight into the company's funding costs and access to capital markets. Material event reports also cover earnings releases and occasionally address regulatory matters affecting consumer finance operations.
Proxy statements (DEF 14A) disclose executive compensation structures tied to portfolio performance metrics, while Form 4 filings track insider transactions by directors and officers. Our platform provides AI-powered summaries that highlight key loan performance indicators, capital structure changes, and regulatory disclosures within these technical financial documents. Access Credit Acceptance's complete SEC filing history to understand how this specialty lender manages credit risk, funds dealer advances, and navigates the subprime auto finance market.
Credit Acceptance Corporation (CACC) director and Chief Alignment Officer Nicholas J. Elliott reported selling 350 shares of CACC common stock at $521.73 per share and disclosing 315 shares held indirectly in the company 401(k) stock fund. The filing also shows Mr. Elliott directly holds 19,034.86 shares following the sale, which include 18,373 unvested restricted stock units granted under the company’s incentive plan. In addition, he holds 13,950 exercisable employee stock options with a $333.94 exercise price expiring in 2026. The transaction is reported as a sale and the ownership mix includes direct shares, RSUs and a 401(k) holding.
Form 144 notice for Credit Acceptance Corp (CACC) reports a proposed sale of 1,000 common shares through Fidelity Brokerage Services on NASDAQ with an aggregate market value of $523,494.80. The filer states there are 11,237,661 shares outstanding for the class. The shares to be sold were acquired as an option granted on 12/30/2020 and are recorded as acquired on 09/05/2025, with payment made in cash. The filing also discloses recent sales by Douglas W. Busk totaling 4,500 common shares in August 2025 for combined gross proceeds of $2,212,064.40. The notice contains the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.
Credit Acceptance Corp (CACC) filed a Form 144 reporting a proposed sale of 350 shares of Common stock through Fidelity Brokerage Services LLC on NASDAQ. The filer indicates the shares were acquired on 01/30/2023 upon restricted stock vesting from the issuer and were paid as compensation. The aggregate market value of the proposed sale is listed as $182,605.50 with approximately 11,237,661 shares outstanding. The approximate date of sale is 09/05/2025. The filer certifies no undisclosed material adverse information and provides the standard Rule 144 representations.
Jonathan L. Lum, Chief Operating Officer of Credit Acceptance Corporation (CACC), reported Option exercise and offsetting open-market sales on 08/25/2025. He exercised an employee stock option to acquire 6,000 shares at an exercise price of $333.94. On the same date he sold 6,000 shares in multiple transactions at weighted average prices reported across a range from $508.38 to $517.83 per share. The Form 4 shows his beneficial ownership declining through those sales from 37,493 shares to 31,493 shares following the transactions. The filing also discloses that his reported holdings include 23,884 unvested restricted stock units, each representing one share of common stock.
Daniel A. Ulatowski, Chief Sales Officer of Credit Acceptance Corporation (CACC), reported option exercises and open-market sales on 08/22/2025 and 08/25/2025. He exercised employee stock options to acquire 1,505 shares on 08/22/2025 at an exercise price of $333.94 and 2,139 shares on 08/25/2025 at the same exercise price. He sold a total of 3,697 shares across multiple transactions at weighted average prices ranging from about $507.00 to $510.39. The filing discloses 28,290 unvested restricted stock units and additional shares held indirectly: 4,000 shares in the company 401(k) fund and 4,000 owned of record by the Ulatowski living trust.
Form 144 notice for CACC insider sale. The filing reports that Douglas W. Busk intends to sell 1,500 shares of Common stock through Fidelity Brokerage Services LLC on or about 08/26/2025 on NASDAQ, with an aggregate market value listed as $765,360.00. The filing states these shares were acquired as an option granted 12/30/2020 and shows a date acquired of 08/26/2025; payment is indicated as cash. The form also discloses a recent sale by the same person of 3,000 shares on 08/13/2025 for gross proceeds of $1,446,704.40. The filer certifies they are not aware of any undisclosed material adverse information about the issuer.
Credit Acceptance Corp (CACC) submitted a Form 144 notice reporting a proposed sale of 6,000 common shares through Fidelity Brokerage Services on the NASDAQ with an aggregate market value of $3,012,000. The filing lists 11,237,661 shares outstanding for the class, so the proposed sale represents roughly 0.053% of that total. The securities are tied to an option granted on 12/30/2020 and show an acquisition/exercise date of 08/25/2025, with cash payment noted. The filer states there are no securities sold in the past three months and certifies no undisclosed material adverse information.
Form 144 filed for Credit Acceptance Corp (CACC) indicates a proposed sale of 2,139 common shares through Fidelity Brokerage Services with an aggregate market value of $1,088,860.18, to be sold approximately on 08/25/2025 on NASDAQ. The filing shows the securities were acquired via an option granted 12/30/2020 and exercised/dated 08/25/2025 with payment in cash. The filer also disclosed two prior sales by the same person within the past three months: 6,356 shares (06/11/2025) for $3,318,855.95 and 1,505 shares (08/22/2025) for $763,429.61. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.
Form 144 Notice: The filing shows a proposed sale of 1,505 shares of common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $763,429.66 and 11,237,661 shares outstanding. The approximate date of sale is listed as 08/22/2025. The securities were recorded as acquired on 08/22/2025 by an option granted on 12/30/2020, with cash listed as the form of payment. The filing also discloses a sale during the past three months by Daniel A. Ulatowski of 6,356 shares on 06/11/2025 for $3,318,855.95. The broker for the proposed sale is Fidelity Brokerage Services LLC, and the securities exchange is NASDAQ. The notice includes the required representation that the seller does not possess undisclosed material adverse information.
John P. Neary, acting solely as co-trustee of the Marital Trust U/A Donald A. Foss Trust, reports beneficial ownership of 852,797 shares of Credit Acceptance Corporation common stock, representing 7.6% of the outstanding class based on the issuer's reported share count of 11,237,661. The filing shows no sole voting or dispositive power; all voting and dispositive authority is held as shared power over the 852,797 shares. This Amendment No. 3 Schedule 13G discloses a passive stake and includes a certification that the securities were not acquired or held to change or influence control of the issuer.